AMC 1hr - to the BANK
Updated
Listen as a trader you have to make sure you are ready to adapt to changing market conditions at a moments notice.
As a full time trader, you have to make sure your butt is in the seat sun up to sun down when we get a week like we had this past week. And listen friends - its only just begun. I don't think this is the "new norm" and we see runners like this all the time, but we certainly aren't done with a few of these plays.
AMC on the 1hour - continued uptrend nothing big jumping out on the chart. the consolidation between 12 and 15 is beautiful, watching this for another squeeze on Monday. Hype continues, we see tests of the previous highs, possibly.
AMC round trips from this past week:
Webull:
1. 3.60 - 4.75
2. 4.73 - 5.77
3. 9.91 - 13.31
Schwab:
1. 4.75 - 4.90
2. 6.97 - 8.31
3. 8.25 - 11.00
4. 12.11 - 13.25
So these were my bigger plays. I told myself I am sticking to my strategy and my strategy is to take profits multiple times, to scalp, to play price action and momentum.
I don't buy 100 shares at the bottom and let it run to the top. I buy hundreds of shares and scale out or buy hundreds of shares then sell all three dollars later, then buy another few hundred of shares and sell a couple dollars later. Thats how I play and I stuck with my strategy and I was extremely profitable this past week.
As a full time trader, you have to make sure your butt is in the seat sun up to sun down when we get a week like we had this past week. And listen friends - its only just begun. I don't think this is the "new norm" and we see runners like this all the time, but we certainly aren't done with a few of these plays.
AMC on the 1hour - continued uptrend nothing big jumping out on the chart. the consolidation between 12 and 15 is beautiful, watching this for another squeeze on Monday. Hype continues, we see tests of the previous highs, possibly. AMC round trips from this past week:
Webull:
1. 3.60 - 4.75
2. 4.73 - 5.77
3. 9.91 - 13.31
Schwab:
1. 4.75 - 4.90
2. 6.97 - 8.31
3. 8.25 - 11.00
4. 12.11 - 13.25
So these were my bigger plays. I told myself I am sticking to my strategy and my strategy is to take profits multiple times, to scalp, to play price action and momentum.
I don't buy 100 shares at the bottom and let it run to the top. I buy hundreds of shares and scale out or buy hundreds of shares then sell all three dollars later, then buy another few hundred of shares and sell a couple dollars later. Thats how I play and I stuck with my strategy and I was extremely profitable this past week.
Note
Still have a few back. Didn't completely empty the lot.
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